New York Mortgage Trust (NYMT) Declares $0.24 Quarterly Dividend; 15% Yield

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Go back to New York Mortgage Trust (NYMT) Declares $0.24 Quarterly Dividend; 15% Yield

New York Mortgage Trust Declares Second Quarter 2016 Common Stock Dividend of $0.24 Per Share, and Preferred Stock Dividends

June 16, 2016 4:05 PM EDT

NEW YORK, June 16, 2016 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the Company) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.24 per share on shares of its common stock for the quarter ending June 30, 2016. The dividend will be payable on July 25, 2016 to common stockholders of record as of June 27, 2016.

In accordance with the terms of the 7.75% Series B Cumulative Redeemable Preferred Stock (Series B Preferred Stock) of the Company, the Board of Directors declared a Series B Preferred Stock cash dividend... More